
VMS TMT IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Sat Sep 13 2025

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VMS TMT IPO is open for bidding from 17th September 2025 to 19th September 2025. It is a bookbuilding IPO of ₹148.50 crore, comprising a fresh issue of 1.50 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 24th September 2025.
VMS TMT IPO Details
The VMS TMT IPO date is fixed between 17th September 2025 and 19th September 2025. The face value of VMS TMT IPO shares stands at ₹10 per share, and the IPO price is set at ₹₹94 to ₹99 per share.
Cameo Corporate Services Limited is the registrar of the VMS TMT IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 17th September 2025 |
IPO Close Date | 19th September 2025 |
IPO Allotment Date | 22nd September 2025 |
Refund Initiation | 23rd September 2025 |
Issue Size | 1,50,00,000 shares(aggregating up to ₹148.50 Cr) |
Face Value | ₹10 per share |
Lot Size | 150 shares |
Issue Price Band | ₹94 to ₹99 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 24th September 2025 |
VMS TMT IPO Share Reservation
VMS TMT IPO is a book-building IPO of ₹148.50 crores, comprising a fresh issue of 1.50 crore shares of Sampat Aluminium, which will be listed on the BSE and NSE Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not more than 30% of the issue |
Retail Shares Offered | Not more than 50% of the issue |
NII Shares Offered | Not less than 20% of the issue |
VMS TMT IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the VMS TMT IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
13-09-2025 | ₹99.00 | ₹10.00 | ₹109.00 | 10.10% |
12-09-2025 | ₹99.00 | ₹10.00 | ₹109.00 | 10.10% |
11-09-2025 | ₹99.00 | ₹10.00 | ₹109.00 | 10.10% |
As of 13th September 2025, VMS TMT IPO GMP stands at ₹10 per share, which means the share will likely show a listing at ₹109 on its tentative listing date, 24th September 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the VMS TMT GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
VMS TMT IPO GMP Review

Check out the detailed VMS TMT GMP IPO review for a thorough understanding of its potential to report listing gains on 24th September 2025. The VMS TMT IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the VMS TMT IPO
VMS TMT Limited’s revenue decreased by 12% from ₹771.41 crores in March 2024 to ₹213.39 crores in March 2025. Moreover, the company’s PAT increased by 14% from ₹15.42 crore to ₹ 8.58 crore.
VMS TMT Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the VMS TMT IPO, with its tentative listing date set for September 24th 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the VMS TMT IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 22.24 |
EPS (Earnings Per Share) | 4.45 |
RoNW | 20.14% |
ROCE | 12.79% |
ROE | [.] |
EBITDA Margin | 5.91% |
Price to Book Value | 7.43 |
Market Capitalisation | ₹491.35 Cr |
The P/E ratio of VMS TMT Limited’s share is 22.24, and its Earnings Per Share (EPS) stands at 4.45. Thus, the VMS TMT Limited IPO is expected to deliver gains on its tentative listing date, 24th September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of VMS TMT Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
VMS TMT IPO Subscription Status
The VMS TMT IPO is to be opened for bidding on 10th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live VMS TMT IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 30% of the issue | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not more than 50% of the issue | Yet to be announced | Yet to be announced |
NII Shares Offered | Not less than 20% of the issue | Yet to be announced | Yet to be announced |
About VMS TMT Limited

VMS TMT is a Gujarat-based company that manufactures Thermo Mechanically Treated bars. The company also deals in scrap and binding wires, which are sold within Gujarat and other states.
The company’s manufacturing facility is strategically located in Bhayla Village, near Bavla in Ahmedabad district, Gujarat, allowing easy distribution of products.VMS TMT Limited operates through a distribution network on a non-exclusive basis. As of July 31, 2025, the company has:
3 distributors
227 dealers
VMS TMT Limited Financials
The company’s financial analysis is crucial before applying for the VMS TMT IPO. Refer to the table to learn about VMS TMT Limited’s financials.
Year Ended | 30th June 2025(in cr) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 449.35 | 412.06 | 284.23 | 227.28 |
Revenue | 213.39 | 771.41 | 873.17 | 882.06 |
Profit After Tax | 8.58 | 15.42 | 13.47 | 4.20 |
EBITDA | 19.48 | 45.53 | 41.20 | 21.91 |
Net Worth | 81.77 | 73.19 | 46.51 | 30.84 |
Reserve and surplus | 47.14 | 38.56 | 33.18 | 18.23 |
Total Borrowing | 309.28 | 275.72 | 197.86 | 162.70 |
Explanation
VMS TMT Limited’s revenue decreased by 12% from ₹771.41 crores in March 2024 to ₹213.39 crores in March 2025. Moreover, the company’s PAT increased by 14% from ₹15.42 crore to ₹ 8.58 crore.
VMS TMT IPO Bidding Requirements
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 1 | 150 | ₹14,850 |
Individual Investors (Retail) (Max | 13 | 1,950 | ₹1,93,050 |
S-HNI (Min) | 14 | 2,100 | ₹207,900 |
S-HNI (Max) | 67 | 10,050 | ₹9,94,950 |
B-HNI (Min) | 68 | 10,200 | ₹10,09,800 |
VMS TMT IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
VMS TMT IPO Promoter Holding
Refer to the table below to review the holdings of Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain.
Share Holding Pre-Issue | 96.28% |
Share Holding Post-Issue | 61.19% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the VMS TMT IPO
The primary aim of the VMS TMT IPO is to raise ₹148.50 crores. On the other hand, VMS TMT has decided to utilise these funds in different ways. Explore some of the secondary objectives for the VMS TMT IPO.
- For general corporate purposes.
- To repayment or prepayment in full of certain borrowings availed by the company.
Should I Invest in the VMS TMT IPO?
Explore the pros and cons of VMS TMT to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of VMS TMT IPO
- To repay debt through IPO proceedings.
- It is a growing demand sector.
- High production capacity
- Strong Local Presence
Cons of VMS TMT IPO
- Drop in revenue growth.
- Fluctuation in cost and raw materials.
- Highly Dependent on brand license.
- Regional Concentration risk.
How to Apply for the VMS TMT IPO?

Check the steps mentioned below to apply for VMS TMT Limited.
- Step 1: Conduct thorough research on the VMS TMT IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 150 shares worth ₹14,850.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the VMS TMT IPO from more than one demat account to increase your chances of allotment.
How to Check VMS TMT IPO Allotment Status?
You can check whether the VMS TMT IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the VMS TMT IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your VMS TMT IPO allotment status.
Let’s Wrap
The VMS TMT IPO is a book-building issue of shares worth ₹148.50 crore. The shares of VMS TMT Limited will be listed on NSE and SME on its tentative listing date of 24th September 2025. Researching the VMS TMT IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on VMS TMT IPO
How is the VMS TMT IPO?
Ans. Currently, on 13th September 2025, the VMS TMT IPO GMP (Grey Market Premium) stands at ₹10. It indicates that the estimated listing price could be ₹109 per share. It is a bookbuilding IPO of ₹148.50 crores, comprising a fresh issue of 1.50 crore shares. The face value of each share of VMS TMT Limited is ₹10 per share.
What is the VMS TMT IPO price?
Ans. The VMS TMT IPO price is set at ₹94.00 to ₹ 99.00 per share. Retail investors can apply for a minimum of 1 lot consisting of 150 shares worth ₹14,850. Moreover, HNIs are required to bid for a minimum of 14 lots (2,100 shares) worth ₹2,07,900.
Is the VMS TMT IPO good?
Ans VMS TMT Limited’s revenue decreased by 12% from ₹771.41 crores in March 2024 to ₹213.39 crores in March 2025. Moreover, the company’s PAT increased by 14% from ₹15.42 crore to ₹ 8.58 crore.
Who is the registrar of the VMS TMT IPO?
Ans. Kfin Technologies Limited is the registrar of the VMS TMT IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the VMS TMT allotment and refund, please contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.
What is the issue size of the VMS TMT IPO?
Ans. VMS TMT IPO is a bookbuilding IPO for 1.50 crore shares worth ₹148.50 crores. Moreover, the IPO is set to open on 17th September 2025 and will be closed on 19th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the VMS TMT IPO, download the VMS TMT IPO RHP and VMS TMT IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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